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I took a glance and it seems that your employer could pay for the ticket and then they don't pay income tax, or they can reimburse you for the ticket, but then
by projektfu 3y ago
I took a glance and it seems that your employer could pay for the ticket and then they don't pay income tax, or they can reimburse you for the ticket, but then they must pay income tax. Kind of a strange system. Would you be responsible for the income tax if they bought the ticket for you?
Not saying I believe you should work on site or remotely, just got curious about transit reimbursement rules in the UK.
- oxfordmale 3y agoAt most the company can give you an interest free loan to cover the annual season ticket.
- projektfu 3y agoThat's a shame, we had tax-free transit and commuter rail benefits when I lived in Chicago. There's probably some cap, but every tax free benefit is income at your highest tax bracket. Apparently it's now $265/month for the train, with another $265/month for station parking.